DGS Capital Management LLC Boosts Stock Position in Hello Group Inc. (NASDAQ:MOMO)

DGS Capital Management LLC lifted its position in Hello Group Inc. (NASDAQ:MOMO) by 63.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 62,260 shares of the information services provider’s stock after buying an additional 24,075 shares during the quarter. DGS Capital Management LLC’s holdings in Hello Group were worth $387,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Quadrant Capital Group LLC grew its stake in Hello Group by 9.0% during the 4th quarter. Quadrant Capital Group LLC now owns 32,840 shares of the information services provider’s stock worth $228,000 after purchasing an additional 2,712 shares in the last quarter. Headlands Technologies LLC acquired a new position in Hello Group during the 4th quarter worth $28,000. Virtu Financial LLC grew its stake in Hello Group by 31.8% during the 4th quarter. Virtu Financial LLC now owns 31,390 shares of the information services provider’s stock worth $218,000 after purchasing an additional 7,581 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in Hello Group by 9.6% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 112,129 shares of the information services provider’s stock worth $779,000 after purchasing an additional 9,812 shares in the last quarter. Finally, Penserra Capital Management LLC grew its stake in Hello Group by 7.7% during the 3rd quarter. Penserra Capital Management LLC now owns 142,214 shares of the information services provider’s stock worth $992,000 after purchasing an additional 10,206 shares in the last quarter. Hedge funds and other institutional investors own 50.96% of the company’s stock.

Hello Group Stock Down 0.8 %

Shares of NASDAQ MOMO opened at $6.01 on Friday. The stock has a market cap of $870.85 million, a PE ratio of 5.46, a price-to-earnings-growth ratio of 1.38 and a beta of 0.59. The company has a quick ratio of 2.36, a current ratio of 2.36 and a debt-to-equity ratio of 0.17. Hello Group Inc. has a 52-week low of $4.79 and a 52-week high of $11.12. The business has a 50-day moving average price of $5.82 and a 200 day moving average price of $6.18.

Hello Group (NASDAQ:MOMO) last announced its earnings results on Tuesday, May 28th. The information services provider reported $0.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.29 by $0.02. The firm had revenue of $2.56 billion during the quarter, compared to analysts’ expectations of $2.48 billion. Hello Group had a return on equity of 13.61% and a net margin of 13.38%. The business’s revenue was down 9.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.28 EPS. Equities research analysts forecast that Hello Group Inc. will post 0.98 earnings per share for the current year.

Hello Group Cuts Dividend

The company also recently announced an annual dividend, which was paid on Tuesday, April 30th. Investors of record on Friday, April 12th were given a $0.52 dividend. The ex-dividend date was Thursday, April 11th. This represents a dividend yield of 8.97%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on MOMO. Citigroup lowered their target price on Hello Group from $6.40 to $5.70 and set a “neutral” rating for the company in a research note on Wednesday, May 29th. Benchmark lowered their price objective on Hello Group from $16.00 to $15.00 and set a “buy” rating for the company in a research report on Wednesday, May 29th. StockNews.com cut Hello Group from a “buy” rating to a “hold” rating in a research report on Friday, March 22nd. Morgan Stanley cut Hello Group from an “equal weight” rating to an “underweight” rating in a research report on Wednesday, May 15th. Finally, JPMorgan Chase & Co. cut Hello Group from an “overweight” rating to a “neutral” rating and lowered their price objective for the stock from $13.00 to $6.00 in a research report on Monday, June 3rd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $8.90.

Hello Group Company Profile

Hello Group Inc provides mobile-based social and entertainment services in the People's Republic of China. It operates in three segments: Momo, Tantan, and QOOL. The company offers Momo, a mobile application that connects people and facilitates social interactions based on location, interests, and various online recreational activities, including live talent shows, short videos, social games, as well as other video- and audio-based interactive experiences, such as online parties, mobile karaoke and user participated reality shows; Tantan, a social and dating application; and other applications under the Hertz, Soulchill, Duidui, and Tietie names.